Foreign direct investments in the UAE to be driven by new virtual license
October 22, 2021 The Abu Dhabi Department of Economic Development (ADDED) has launched a new virtual license for investors which covers 13 key economic sectors including agriculture to trade. These sectors have been identified by the Abu Dhabi government to attract more foreign direct investment (FDI) and supports the broader UAE government's efforts to enable cross-border digital trade. Read the…
Influx of global millionaires driving up Dubai’s housing market boom
October 20, 2021 A huge influx of millionaires in Dubai has contributed to the recent housing market boom in the emirate, with several ultra-high-net-worth individuals (UHNWIs) acquiring $8 million-plus homes since 2020, according to Luxhabitat Sotheby’s. Read the original article in Zawya: Influx of global millionaires driving up Dubai's housing market boom
Dubai consumer confidence surges to 10-year high
October 17, 2021 Propelled by increased economic activity, consumer confidence in Dubai surged to its highest level in 10 years during the third quarter of 2021, the Consumer Confidence Index tracked by Dubai Economy showed. Dubai’s rebounding real estate is yet another testimony to the newfound buoyancy in the emirate’s overall recovery from the pandemic. Demand for property from overseas…
Saudi Arabia’s FII total deals to hit $125 billion after this year’s new contracts
October 14, 2021 Saudi Arabia’s Future Investment Initiative forum to be held in Riyadh this month is expected to see more investment deals that will bring total deals made under this initiative to $125 billion since its launch in 2017. Read the original article in Arab News: Saudi Arabia’s FII total deals to hit $125 billion after this year's new…
UAE allocated $653 million for financial investments in 2022-2026 budget
October 13, 2021 The United Arab Emirates allocated 2.4 billion dirhams for financial investments in its 2022-2026 budget, the state news agency WAM reported on Wednesday. The United Arab Emirates' cabinet on Tuesday approved federal spending of 290 billion dirhams ($78.96 billion) up until 2026, the agency said on Twitter. Read the original article in Zawya: UAE allocates $653 million…